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Feb 16, 2013
02/13
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warren buffett announced 80s buying is food giant heinz. and if u.s. regulators allow it, usair will take over bankrupt american airlines creating the world's biggest airline in the process. that deal is good for investors but passengers worry airfares will salute up. but take a look at this. just after airline deregulation came into effect, there were 20 major airlines in the united states. by 1990, there were only 12 major airlines in operation. today just seven and with "uss air and american merging we'll be down six. usair and american don't have a lot of overlapping routes or hubs. in the end there will only be about out routes out of the 9000 or so that will be served by one airline. they may see fares go up. but look at this. since 1979, prices for an average domestic economy airfare have dropped from $579 then to $365 now though they have started to tick up a little bit lately. so so much for that myth that merging airlines causes prices to go up. thanks for watching me this week. find me on niceback at facebook.com/ali velshi "see you monday a
warren buffett announced 80s buying is food giant heinz. and if u.s. regulators allow it, usair will take over bankrupt american airlines creating the world's biggest airline in the process. that deal is good for investors but passengers worry airfares will salute up. but take a look at this. just after airline deregulation came into effect, there were 20 major airlines in the united states. by 1990, there were only 12 major airlines in operation. today just seven and with "uss air and...
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Feb 20, 2013
02/13
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supreme court has denied a stay of execution for warren lee hill. hill is the convicted murderer set to be executed at this very moment, 7:00 eastern standard time, by lethal injection. he was found guilty of the 1990 killing of joseph hanspike, another inmate in a georgia state prison. hill's defenders argue that his iq of 70 means he should be deemed mentally disabled. they want him declared mentally disabled because of a 2002 supreme court case which barred the execution of mentally disabled inmates. at this moment, though, looks like it's about to go forward and we're going to update you as we learn more. >>> good evening, everyone. i'm erin burnett. tonight, the countdown is on again. we are now just ten days away from washington's latest deadline for forced spending cuts, otherwise known by the distinctly unsexy and misused word, sequester. today, president obama said again something must be done. >> so these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment
supreme court has denied a stay of execution for warren lee hill. hill is the convicted murderer set to be executed at this very moment, 7:00 eastern standard time, by lethal injection. he was found guilty of the 1990 killing of joseph hanspike, another inmate in a georgia state prison. hill's defenders argue that his iq of 70 means he should be deemed mentally disabled. they want him declared mentally disabled because of a 2002 supreme court case which barred the execution of mentally disabled...
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Feb 15, 2013
02/13
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let's see what happened yesterday. >> this is senator elizabeth warren. pretty comfortable during her debut yesterday on the senate banking committee. she just had a few questions for the nation's bank regulators, direct questions. they couldn't answer. take a look. >> can you identify when you last took the wall street banks to trial? >> i will have to get back to you with the specific information. >> anyone else want to tell me about the last time you took a wall street bank to trial? you know, i just want to note on this, there are district attorneys and u.s. attorneys who are out there every day squeezing ordinary citizens on sometimes very thin grounds and taking them to trial in order to make an example, as they put it. i'm really concerned that too big to fail has become too big for trial. that just seems wrong to me. >> so, joe, actually it went on for about eight minutes where she just asked each person there, have you ever taken -- and one guy said no, we just haven't had to. take them to trial. >> it is unbelievable, mika, that if a teenage kid
let's see what happened yesterday. >> this is senator elizabeth warren. pretty comfortable during her debut yesterday on the senate banking committee. she just had a few questions for the nation's bank regulators, direct questions. they couldn't answer. take a look. >> can you identify when you last took the wall street banks to trial? >> i will have to get back to you with the specific information. >> anyone else want to tell me about the last time you took a wall...
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Feb 14, 2013
02/13
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warren buffett is now the ketchup king. they're not doing too bad. congratulations to the kerry family! i know you've been struggling. i know you've been struggling. things are okay now. >> it has been a long haul. >> that big story. >> that's a big story. a lot of mergers and stuff going -- okay. so i want to talk about what carly and vicki are here for. you started the one woman initiative. >> yes. >> and you are now joining it. tell us first of all about it to review for our viewers and then we'll talk about this new collaboration. >> i began the one-woman initiative in collaboration with usaid when condi rice was then secretary of state. we wanted to focus on women. so we funded women's organizations in places like azerbaijan, pakistan, egypt, the philippines, afghanistan. and hopefully, we did a lot of good. however, now we're teaming up with opportunity international, so that we can leverage that impact. the single largest unused economic resource in the world is one woman. we know that when women are invested in, they reinvest 90% of that mone
warren buffett is now the ketchup king. they're not doing too bad. congratulations to the kerry family! i know you've been struggling. i know you've been struggling. things are okay now. >> it has been a long haul. >> that big story. >> that's a big story. a lot of mergers and stuff going -- okay. so i want to talk about what carly and vicki are here for. you started the one woman initiative. >> yes. >> and you are now joining it. tell us first of all about it to...
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Feb 20, 2013
02/13
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supreme court has denied a stay of execution for warren lee >>> good evening, everyone. i'm erin burnett. tonight, the countdown is on again. we are now just ten days away from washington's latest deadline for forced spending cuts, otherwise known by the distinctly unsexy and misused word, sequester. today, president obama said again something must be done. >> so these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie, delay the cuts for another few months or two, actually come up with a major plan to slash the debt. number two is not going to happen. the punt, i kind of like. anyway, that won't happen. number one has a decent chance. number one has failed, too. after all, the feared forced cuts are only 2.5% of projected total federal spending. we have an economics professor at nyu and former director of the congressional budget office. at th
supreme court has denied a stay of execution for warren lee >>> good evening, everyone. i'm erin burnett. tonight, the countdown is on again. we are now just ten days away from washington's latest deadline for forced spending cuts, otherwise known by the distinctly unsexy and misused word, sequester. today, president obama said again something must be done. >> so these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of...
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Feb 11, 2013
02/13
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getting in now goes against that legendary advice from warren buffet, when they all zig, you should zag. >> when others are fearful -- >> reporter: there is more greed than fear. >> i don't think it's real. >> reporter: the s & p 500 has doubled since the lows in 2009. companies are flush, profits are growing. and there's this guy. >> if the fed wasn't doing kwontative easing the markets would be 20 to 30% lower than where they are today. >> reporter: with apologies to the little ras calcit's baby ben throwing money into the economy. $85 billion a month with no end in sight. but does that mean you should jump in? >> you always have to step back. why are we investing in stocks or investing in bonds? it has to face your situation. until we do that, i don't think anybody should invest in anything. >> reporter: will stocks go higher? if i knew that i'd be on a caribbean island. the better question, do you have a plan? >> if you have a financial goal of buying a house or starting a business in the next year, this is not your time to use the stock market as a gamble. >> this is the perfect ti
getting in now goes against that legendary advice from warren buffet, when they all zig, you should zag. >> when others are fearful -- >> reporter: there is more greed than fear. >> i don't think it's real. >> reporter: the s & p 500 has doubled since the lows in 2009. companies are flush, profits are growing. and there's this guy. >> if the fed wasn't doing kwontative easing the markets would be 20 to 30% lower than where they are today. >> reporter:...
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Feb 20, 2013
02/13
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and the left, sherrod brown, elizabeth warren, are also articulating what i would call populism. i would call it responsible, smart economics as finally confronting a problem that's brought us enormous damage. >> simon, before i let you go, i want to point out in the title of your book, "white house burning: our national debt and why it matters to you," it's a conversation we've been having a lot around this table, whether or not the debt matters today or sometime down the road in the future, and i think your question or your statement in that title is one that should be answered because i don't think most americans understand in the now, in the here, why debt matters to them. what's the short answer to that question for the average american, why they should be concerned or perhaps not concerned about the government debt? >> well, you should be concerned looking out 20 or 30 years. we bring the debt under control. and in our book, we make some, in our view, middle of the road responsible suggestions for doing that. you shouldn't be panicked. don't do things that damage the econom
and the left, sherrod brown, elizabeth warren, are also articulating what i would call populism. i would call it responsible, smart economics as finally confronting a problem that's brought us enormous damage. >> simon, before i let you go, i want to point out in the title of your book, "white house burning: our national debt and why it matters to you," it's a conversation we've been having a lot around this table, whether or not the debt matters today or sometime down the road...